This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: When the elasticity of demand for a particular good is between zero and -1, _____. a. demand is ... (Read 18 times)

joe

  • Hero Member
  • *****
  • Posts: 627
on: Jun 30, 2018
When the elasticity of demand for a particular good is between zero and -1, _____.
 a. demand is elastic
  b. demand is inelastic
  c. demand is unit-elastic
  d. the good is an inferior good
  e. the good is a normal good

Question 2

Economic analysis that focuses on bounded rationality and psychological insights is known as:
 a. behavioral economics.
  b. Keynesian economics.
  c. Austrian economics.
 d. supply-side economics.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

jazzlynnnnn

  • Sr. Member
  • ****
  • Posts: 335
Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

a


joe

  • Member
  • Posts: 627
Reply 2 on: Jun 30, 2018
:D TYSM

Dnite

  • Member
  • Posts: 297
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Signs and symptoms that may signify an eye tumor include general blurred vision, bulging eye(s), double vision, a sensation of a foreign body in the eye(s), iris defects, limited ability to move the eyelid(s), limited ability to move the eye(s), pain or discomfort in or around the eyes or eyelids, red or pink eyes, white or cloud spots on the eye(s), colored spots on the eyelid(s), swelling around the eyes, swollen eyelid(s), and general vision loss.

Did you know?

In Eastern Europe and Russia, interferon is administered intranasally in varied doses for the common cold and influenza. It is claimed that this treatment can lower the risk of infection by as much as 60–70%.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates's recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

The toxic levels for lithium carbonate are close to the therapeutic levels. Signs of toxicity include fine hand tremor, polyuria, mild thirst, nausea, general discomfort, diarrhea, vomiting, drowsiness, muscular weakness, lack of coordination, ataxia, giddiness, tinnitus, and blurred vision.

Did you know?

On average, the stomach produces 2 L of hydrochloric acid per day.

An Oil-dependent World— Supply and Demand Driven An Oil-dependent World— Supply and Demand Driven
An engine in good mechanical condition should produce 17 to 21 inches Hg of vacuum at idle at sea ... An engine in good mechanical condition should produce 17 to 21 inches Hg of vacuum at idle at sea ...
Good ethical judgment comes from both learning and experience. Good ethical judgment comes from both learning and experience.
Good body mechanics when facing the head or foot of the table. A. Head and back in alignment. B. ... Good body mechanics when facing the head or foot of the table. A. Head and back in alignment. B. ...
Good hand and body mechanics when applying thumb pressure to the back. Good hand and body mechanics when applying thumb pressure to the back.
Nuts are also a good source of B group vitamins (including folate), and vitamin E Nuts are also a good source of B group vitamins (including folate), and vitamin E
Video: How to find out if a population is evolving?

For a complete list of videos, visit our video library